12380.4 important to form a pull back patternHello?
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(SPX500USD 1W chart)
The key is whether you can rise with support around 4116.0.
(1D chart)
If it declines from 4116.0, you should check if it can move up along the uptrend line passing around 4009.5.
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(DXY 1W chart)
It failed to stay below 101.860 and rose, increasing the possibility of creating a new wave.
Therefore, it is important to find support or resistance around 103.025.
(1D chart)
By moving higher out of the downtrend channel, section A, the DXY is more likely to turn into a short-term uptrend.
Therefore, the next volatility period should be around February 14-16 to see if it can fall below 101.860 or rise above 105.292.
If DXY does not rise above the 106.130-108.510 zone, I think it is likely to maintain a downtrend in the medium to long term.
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(NAS100USD 1W chart)
The key question is whether it can rise above the 12718.6-12896.2 zone and rise above the long-term uptrend line.
If not,
1st: 11942.9-12119.2
2nd: 11366.9-11578.2
You need to make sure that it is supported in the first and second sections above.
(1D chart)
The key is whether it can be maintained above the M-Signal indicator of the 1M chart.
If not, the MS-Signal indicator is located in the 11942.9-12119.2 interval, so you need to make sure it has support in this interval.
If there is a decline in the 11942.9-12119.2 section, you need to make sure that it is supported near the HA-High indicator.
Since the important resistance zone is located near the M-Signal indicator on the 1M chart, whether it is supported or resisted around 12380.4 becomes quite important.
Looking at the 'Strength' sub-indicator,
1. Uptrend: 3
2. Stationary: 1
As above, it is showing an upward trend.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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US SPX 500
SPX's intraday dips continue to attract buyers.US500 - Intraday - We look to Buy at 4115 (stop at 4075)
There is no clear indication that the upward move is coming to an end.
A move higher faces tough resistance and we remain cautious on upside potential.
Intraday, and we are between bespoke support and resistance 4115-4220.
Preferred trade is to buy on dips.
Intraday signals are far from strong.
Our profit targets will be 4220 and 4231
Resistance: 4195 / 4220 / 4322
Support: 4115 / 4089 / 4079
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
HI EVERYONE!Cobra here!
Friday's report was quite neutral. The markets did not react much, but they closed with a fall. Let's take a brief look at the current situation:
The index is getting closer to its old GAP, which I wrote about a long time ago and said that it would be closed last. If there will be no additional bad news on the market, the gap will be closed, and then it can continue further downtrend. On Friday the dollar index DXY gave a good candle up, before the markets closed.
You can read next posts about crypto!
A shake-up is needed to turn it into a long-term uptrend.Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day.
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(DXY 1D chart)
It is necessary to check whether movement can be continued in the channel indicated by the ellipse.
If it stays below 101.860, it is expected to energize the investment market.
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(SPX500USD 1D chart)
The key is whether it can rise with support from 4116.0.
If not, you should see if you can keep the price above 4009.5, above the uptrend line.
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(NAS100USD 1D chart)
We are expecting to touch the M-Signal on the 1M chart and decline.
Therefore, it is necessary to check whether it is supported around 12380.4.
If it succeeds in gaining support, it is expected to rise around 12896.2-13231.6.
If not,
1st: 11942.9-12119.2
2nd: 11366.9-11578.2
You need to make sure that it is supported in the 1st and 2nd above.
In order to turn into a long-term uptrend, the price must maintain the price by rising above the HA-Low on the 1M chart and above the M-Signal (MS-Signal) on the 1M chart.
Currently, the HA-Low of the 1M chart and the M-Signal of the 1M chart are reversed.
Therefore, there is a possibility that shaking to switch to regular arrangement may start, so a countermeasure for this is necessary when trading.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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SPX to find support at previous resistance?US500 - Intraday - We look to Buy at 4081 (stop at 4049)
Previous resistance level of 4141 broken. Majority of the initial daily gains being overturned.
Bespoke support is located at 4047.
The sequence for trading is higher highs and lows.
The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 4153 and 4170
Resistance: 4153 / 4194 / 4548
Support: 4047 / 4000 / 3954
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SPX Looking Bullish?!OANDA:SPX500USD
SPX trying to print higher low.
Successful retest of 3880 level can be confirmed via lower time frame for possible run to marked target.
On fail, short to pull back zone and look for re-entry ideas.
Bitcoin has been following SPX and these are ideas to build plans for laser entries and moves.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
SPX500 > Bullish Outlook is Very Likely if the Support HoldsThe SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction.
The stability of support levels at 4000 and 3990 depends on the Fed's rate decision. If rates are hiked more than 50 points, the market may turn bearish, and if support levels break, the price may retest the consolidation breakout's top. Key levels to watch include 4000 and 3990.
I would appreciate your support and opinion of this idea. Let's watch the level mentioned with an eagle eye.
SPX Model Trading Plans for WED. 02/01The FOMC Decision Day!
No surprises in the rate decision just crossing the wires. Of course, the devil would be in the details, to be garnered from the press conference starting at 2:30pm. Nevertheless, our models are already indicating potential trading levels as below.
Positional Trading Models: Our positional models are flat for now. Models indicate going short on a cross below 4039, with a take-profit on a cross above 4002, and with a trailing stop of 33 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for WED. 02/01:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4096, 4073, 4044, or 4017 with a 9-point trailing stop, and going short on a break below 4068, 4039, or 4014 with a 9-point trailing stop.
Models indicate explicit long exit on a break below 4093, and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 02:16pm ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX500 fadeOptimism as a "Soft Landing" achievable?
Now the first month of 2023 is almost over, and we had a great start in the financial markets, actually, a fantastic start, as Goldman Sachs stated a couple of days ago.
This month's straightforward story of the macro environment has been reassuring for bulls across the markets. Both in the legacy markets and the crypto markets. It looks like the stars are aligned! Inflation is falling, and employment numbers look okay. Policymakers seem to have things under control.
We have seen some people declaring that the "soft landing" is real, inflation was transitory after all, the pain was just for one year, and the fear of a recession or depression was overblown. It seems like we got injected with 5ml of hopium.
Reality check, taking a closer look at "recover"
Although some may be hasty in drawing judgments, dunking on "bears" for missing the bottom, the facts are still available.
Even with indications of improvement, it seems like we collectively have the memory of a goldfish. It seems like we forgot we are still in the aftermath of the epidemic, and complicated geopolitics and the full extent of its effect have yet to be seen.
We must maintain some skepticism and reasonable expectations, especially concerning the core PCE (Personal Consumption Expenditures), which may have trouble meeting the 2% target.
Even while things may appear good on the surface, we need to take a step back and try to confront reality.
Since the start of this year, the old diversified 60/40 portfolio strategy (60% equities, 40% bonds) has been working again. According to market data, it has been the most profitable strategy this year again since 1987.
However, continue with caution. Maybe a "set and forget" overleveraged long and "long your longs" might be a bad idea as you might corner yourself into a risky position. As GS suggests, try to keep taking profits by selling your bags into strength if the S&P500 reaches around $4000 - $4300
A sane person doesn’t want to pay an 18 P/E multiple for 0% expected earnings growth.
SPX Model Trading Plans for TUE. 01/31The FOMC Decision Week - Day 2
With the FOMC Interest rate decision due this Wednesday, the markets may re-remember the interest rates factor. Whether the Fed's decision and the tone surprises the markets in either direction is going to determine if there would be a reversal or continuation of the recent melt-up in the markets. But, until that happens, the momentum seems to be consolidating.
Positional Trading Models: Our positional models went short at the close yesterday, at 4017.77 with a trailing stop of 35 points. For today, the models indicate placing a hard stop at 4053, and tightening the trailing stop to 20 points at the close.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for TUE. 01/31:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4044, 4030, or 4017 with a 9-point trailing stop, and going short on a break below 4039, 4025, or 4014 with a 9-point trailing stop.
Models indicate no explicit long exits and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
S&P500 Technical Analysis-2023Hello everyone, hope you all are doing good.
Bullish Probability:(at least one or two weekly candle closes above 4100 than there is a possibility of this playing out).
There is an active Bullish Divergence playing out in RSI, so there are chances S&P500 may put new high above 5k.
If S&P500 put new High, then it can be a Triple Bearish Divergences, so after that it can be a massive dump of markets.
In this case the 1st Bottom will be 3500, so the 2nd Bottom can be massive drop from 5k to 2000, previously S&P500 dropped its 2nd Bottom from 1580 to 670(-57%).
Bearish Probability:(at least one or two Weekly candle closes below 3700 than there is a possibility of this playing out)
Currently the Fractal of SnP500 looks like similar to the previous oct-2001 to july-2002 Fractal.
S&P500 -> falling in a Descending parallel channel -> Breakout/Fake Out little and finally put lower low or 1st Bottom.
If this plays out than RSI may fall below 30 - invalidating the current Bullish Divergences. (Sometimes Divergences get invalidated due to forceful movement of Markets).
Target = around 3200 OR there is a possibility to fall on the sky Blue trendline.
Thank you, please like and share, if you have any questions please comment.
Can S&P500 break 4100.00 during huge FOMC & Earnings week?The S&P 500 is headed for its best January since 2019, when it gained nearly 8%. So far, the market index is up ~5.0% this year, following a 19% loss last year. But this rally might have paused for the time being, as the Federal Open Market Committee begins its 2-day meeting. After which, the Federal Reserve is expected to hike its interest rate by 25 basis points. Investors will be watching carefully for any change in market sentiment regarding this forecast in the lead up to the decision. While the economy is starting to slow, US unemployment is still at 3.5% (a 50 year low) and wage growth is still strong. This means that the 25-basis-point hike is not a foregone conclusion, with 50 basis points the next likely option. Adding to the complication of forecasting the S&P 500, is the fact that more than 20% of the companies in the index are reporting quarterly earnings this week. McDonald’s, Apple, Meta Platforms, Amazon.com, and Alphabet are all set to update the market.
The question to ask ourselves is whether the S&P500 has finally entered a reversal period, or is the long-term downtrend still in place? We can also see that the previous week's candle closed above the downward trend line and the 200EMA. Although, we can look at the fake outs that took place in August and December last year, when the candles closed above the 200 EMA, but this did not result in a bullish continuation.
We can use the Aroon indicator in an attempt to gain some clues to confirm if the trend to the upside is strong. Presently, the Aroon indicator registers a strong bullish signal, as the blue line is above 70% while the red line stays below 30%. Yet, a strong key resistance, marked at around the 4100.00 area, appears to be a significant problem for the S&P 500.